Right on! " U: [1 g4 }7 `) V. ^4 f0 K; t/ t9 o* i2 Q( i6 Z/ u/ O% f
I think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$.( Y! H6 f: V0 r$ T! a8 s
% j' d" R0 e# k v, L2 V6 CWoohoo...time to realize some profits (especially on oil and gas stocks) today!( O5 j: z0 T% Q L0 C& D% J0 M
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An option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation. - d% B# H; o6 d3 K: f8 [ g+ P% t' a4 \6 X1 x0 z. w! U
Happy trading!
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. ' U# Z- W9 N' F, V5 `
原帖由 MiliCat 于 2007-9-18 13:06 发表 - I# [) p- l- RRight on! & L. ?* T3 d6 N- P5 ?# g
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? , h" v6 O6 H. b4 u7 A9 t
+ h$ v* n- l A9 A/ }RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 ) b1 E: n' | b& r2 ~9 y' e8 B6 Q4 i' |! {; s% V
& g7 E; x; O8 @; d) J+ P6 pAre you kidding? 9 f. i3 ?9 s1 J: I ~* B
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RMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%